180 Wealth Advisors LLC Trims Stock Holdings in Unity Software Inc. $U

180 Wealth Advisors LLC reduced its stake in Unity Software Inc. (NYSE:U) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,952 shares of the company’s stock after selling 375 shares during the period. 180 Wealth Advisors LLC’s holdings in Unity Software were worth $289,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of U. Cornerstone Planning Group LLC raised its holdings in Unity Software by 30,300.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,216 shares of the company’s stock valued at $25,000 after buying an additional 1,212 shares during the period. CX Institutional purchased a new stake in Unity Software during the second quarter worth about $25,000. Banque Transatlantique SA purchased a new stake in Unity Software during the first quarter worth about $28,000. GAMMA Investing LLC increased its stake in Unity Software by 72.5% during the first quarter. GAMMA Investing LLC now owns 2,822 shares of the company’s stock worth $55,000 after purchasing an additional 1,186 shares during the period. Finally, Signaturefd LLC increased its stake in Unity Software by 26.3% during the first quarter. Signaturefd LLC now owns 3,658 shares of the company’s stock worth $72,000 after purchasing an additional 762 shares during the period. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Arete lowered shares of Unity Software from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research note on Thursday, October 16th. Morgan Stanley boosted their price target on shares of Unity Software from $40.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Hsbc Global Res lowered shares of Unity Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Arete Research raised Unity Software to a “hold” rating in a research report on Thursday, October 16th. Finally, Wells Fargo & Company boosted their price objective on Unity Software from $29.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $34.10.

Insiders Place Their Bets

In other news, Director David Helgason sold 1,350,000 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $44.43, for a total value of $59,980,500.00. Following the completion of the sale, the director directly owned 6,139,173 shares of the company’s stock, valued at approximately $272,763,456.39. This represents a 18.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Alexander Blum sold 63,813 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $39.41, for a total value of $2,514,870.33. Following the completion of the sale, the chief operating officer directly owned 603,811 shares of the company’s stock, valued at $23,796,191.51. The trade was a 9.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,236,951 shares of company stock valued at $95,081,659. 3.61% of the stock is owned by insiders.

Unity Software Stock Performance

Shares of U opened at $37.29 on Friday. The stock has a 50 day moving average price of $40.08 and a 200 day moving average price of $30.82. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $15.76 billion, a price-to-earnings ratio of -35.18 and a beta of 2.32. Unity Software Inc. has a 52-week low of $15.33 and a 52-week high of $46.94.

Unity Software (NYSE:U) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.01). The business had revenue of $440.94 million during the quarter, compared to analyst estimates of $425.18 million. Unity Software had a negative net margin of 24.38% and a negative return on equity of 13.59%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the company earned ($0.32) earnings per share. Research analysts predict that Unity Software Inc. will post -1.25 EPS for the current fiscal year.

About Unity Software

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.